Michael Dell’s Role in Dell Buyout Questioned
courtesy Dell Inc.Private equity firm Silver Lake Partner’s rush to fund a buyout of Dell Inc. (NASDAQ: DELL) has accelerated. And investors have begun to ask if founder Michael Dell has a conflict of…
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Douglas A. McIntyre
GM Promises Cheaper Chevy Volts
courtesy of General MotorsGeneral Motors Co. (NYSE: GM) said it will offer better prices on the next generation of Chevy Volts, the car company’s flagship electric car. Since almost no one buys Volts now,…
Growing Pessimism About EU Economy
ThinkstockThe brief optimism that a resolution to financial problems in the European Union would begin a process that would resurrect the economy is over. Both economists and national leaders believe that low consumer demand, unemployment…
What’s Important in the Financial World (1/17/2013)
ThinkstockMichael Dell and the Dell Buyout Private equity firm Silver Lake Partner’s rush to fund a buyout of Dell Inc. (NASDAQ: DELL) has accelerated. And investors begin to ask if founder Michael Dell has…
Is the Jobs Market Tumbling Again?
ThinkstockIndications have emerged that job market growth may have cooled considerably in January, or that layoffs may have surpassed job additions. If so, it would be the first time in more than a year…
Time for Boeing CEO McNerney to Resign; Its Board Should Be Ashamed
Wikimedia CommonsBoeing Co. (NYSE: BA) Chairman and Chief Executive Officer W. James (Jim) McNerney Jr. should resign. Or, more likely, the company’s board of directors should fire him. McNerney’s tenure overlaps the period during…
Should the Government Help Increase Foreclosures?
ThinkstockThe Consumer Financial Protection Bureau (CFPB) has set new rules to block what it sees as abuses of the foreclosure process. The Washington Post reports that the action is to: … prevent such problems…
Media Digest (1/17/2012) Reuters, WSJ, FT, Bloomberg
courtesy of YouTubeThe head of Rio Tinto PLC (NYSE: RIO) will leave after the company took a $14 billion write-down. (Reuters) The FAA grounds the Boeing Co. (NYSE: BA) Dreamliner after it has more…
Europe Closes Down Boeing 787 Dreamliner
courtesy Boeing Co.The European Aviation Safety Agency has decided it will follow an FAA directive to ground all Boeing (NYSE: BA) 787 aircraft for inspections. The net effect is that the fleets of planes…
FAA Grounds Boeing Dreamliner
courtesy Boeing Co.Finally, bowing to growing safety concerns, the FAA has grounded the flawed Boeing (NYSE: BA) 787 Dreamliner an aircraft which has become with each passing day a greater danger to travelers. The…
Alibaba Prepares IPO to Raise $4 Billion
ThinkstockAlibaba, the preeminent e-commerce company in China, apparently has decided to have an initial public offering to raise as much as $4 billion. The decision probably is unrelated to the partial retirement of CEO and…
Dell Buyout Could Happen Soon
courtesy Dell Inc.The private equity buyout of Dell Inc. (NASDAQ: DELL), about which investors were skeptical just two days ago, could happen soon. Rumors in the press suggest that the primary PE firm in…
Analysts Deny That iPhone 5 Sales Have Dwindled
courtesy of Apple Inc.More and more analysts have taken a position counter to the one that says demand for the Apple Inc. (NASDAQ: AAPL) iPhone 5 has fallen. Rumors in the press indicated that…
What’s Important in the Financial World (1/16/2013)
ThinkstockAlibaba Prepares IPO Alibaba, the preeminent e-commerce company in China, apparently has decided to have an initial public offering to raise as much as $4 billion. The decision probably is unrelated to the partial retirement…
Europe Car Sales Fall 16.3%; GM and Ford Battered
ThinkstockGeneral Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F), which have posted huge financial loses in Europe, face larger ones in 2013 that could swamp strong revenue from the United States. Passenger…
Facebook Needs a Smartphone and a Search Engine
flickr / gsfcWall St. was not impressed by Facebook Inc.’s (NASDAQ: FB) new search capacity, which allows members to thumb through the activities and preferences of their “friends.” Investors probably believe that few members…
World Bank Comes Late to Economic Growth Bashing
ThinkstockThe World Bank has issued an economic forecast for 2013 that bears substantial similarities to those issued earlier by other agencies, credit rating firms and bankers. The global economy will not recover based on…
Media Digest (1/16/2013) Reuters, WSJ, NYT, FT, Bloomberg
courtesy of Facebook Inc.The World Bank cuts its outlook for 2013. (Reuters) Facebook Inc. (NASDAQ: FB) releases a search feature to be used among members, and Wall St. is unimpressed, sending shares down. (Reuters)…
Japan Grounds Boeing Dreamliner!
courtesy Boeing Co.The one thing that must send shudders through Boeing Co. (NYSE: BA) management and its board is that the 787 Dreamliner could be taken out of service because of a series of…
Exxon May Pass Apple in Market Cap
Wikimedia CommonsApple Inc. (NASDAQ: AAPL) passed Exxon Mobil Corp. (NYSE: XOM) over a year ago to become the world’s largest company by market cap. It appears that the two could reverse positions again. Apple’s…